For more information on the financial terms used in this page, please consult the glossary.
There are several ways for you to buy (invest in) M&G OEIC (Open-Ended Investment Company) funds. Figuring out which way works for you may involve considering:
Broadly, there are three main ways you can invest in M&G OEIC funds, each offering different levels of service and corresponding charges:
You need to be comfortable managing your investments yourself, but you can choose to do this mainly over the phone or by post, as well as some online capabilities via our My Account service:
MyM&G is our fully online service and is an easy way for you to invest directly in M&G OEIC funds, and manage your investments online any time, day or night. You need to be comfortable managing your own investment online to benefit from:
With this option, you need to be comfortable managing your own investments. Each platform will have their own service proposition (online, telephone, paper, or sometimes a combination of options is available).
Charges – You’ll most likely pay an ongoing charge plus a share of portfolio transaction costs (the costs incurred when funds buy and sell investments) and you may also pay a ‘platform fee’ on top. These vary with each third-party platform provider, sometimes these are fixed monetary amounts, sometimes they are percentage based and other times there’s more than one additional charge depending on what you would like to do.
Funds – Depending on the platform selected, you can normally access investment funds from a wide range of fund management companies.
Once you've weighed up the options, all which may have advantages and disadvantages based on your personal circumstances, you can invest your money, and manage your investments in a way that works for you.
We believe it's important that you understand our charges when you invest with us.
This tool can help you see the amount of charges, in pounds and pence, you might expect to pay on the different funds in our range. Please note that this tool is for guidance only and charges are subject to change.
For more information on the charges applicable to each fund, please refer to the relevant Key Investor Information Document (KIID). You can also refer to the Costs and charges illustration which contains information on the costs applicable to your chosen share classes. Both of these documents are available on each fund page within the Fund centre.
To find out more about costs and charges, take a look at the Investment Association's (IA) independent guide.
There’s a lot to consider, and if you’re unsure about what option is right for you, you should speak to a Financial Adviser who will be able to help you decide on the right option for your circumstances.
We work hard to ensure our charges are fair, transparent and offer the best value to you.
We apply discounts to the Annual Charges on our larger funds based in the UK, to share cost savings that occur from economies of scale with our customers. Therefore, the larger the fund is – in other words, the more money invested in it – the lower the relative proportion of fixed costs of administering and managing it.
| Fund Net Asset Value-Discount range | Annual charge discount |
| £0-1bn | Nil |
| £1-2bn | 0.02% |
| £2-3bn | 0.04% |
| £3-4bn | 0.06% |
| £4-5bn | 0.08% |
| £5-6bn | 0.10% |
| More than £6bn | 0.12% |
For every £1 billion of a fund’s net asset value, a discount of 0.02% will be applied to that fund’s Annual Charge (up to a maximum of 0.12%). We'll assess the size of your fund, and therefore whether it qualifies for any discount, on at least a quarterly basis.
Here is an example to illustrate how it works. If the Annual Charge on a fund is 1.20% before any discount and it has £1.8 billion in assets at the end of the first quarter of the year, a discount of 0.02% will apply and the net Annual Charge will reduce to 1.18% going forward, applicable as soon as practicable after the start of the second quarter.
If the fund’s assets swell to £2.1 billion at the end of the second quarter, the discount would rise to 0.04%. If the fund then shrinks back to £1.8 billion by the end of the third quarter, the discount would revert to 0.02%. This example is illustrated below.
However, discounts will not be removed if a fund’s assets fall just below a given threshold. Instead, there will be a buffer of £100 million (£0.1 billion). So, if using our example above, the fund’s assets shrank from £2.1 billion to £1.95 billion by the end of the third quarter, it would fall within this buffer and the discount would remain unchanged at 0.04%, rather than revert to 0.02%. In the case of the largest funds, where the relevant threshold is £5 billion or £6 billion, this buffer will be £200 million (£0.2 billion). To be clear, there is no corresponding buffer when a fund’s assets rise above a given threshold that triggers a discount (or further discount) on the Annual Charge. Please note this is an example and not a recommendation.
M&G Investment Management Limited (MAGIM), M&G Alternative Investment Management Limited (MAGAIM), M&G Securities Limited (MGSL) and M&G Financial Services Limited (MGFS) are registered in England and Wales under numbers (936683, 2059989, 90776, 923891) respectively. The registered address of MAGIM, MAGAIM, MGSL, and MGFS is 10 Fenchurch Avenue, London, EC3M 5AG. MAGIM, MAGAIM, MGSL, and MGFS are authorised and regulated by the Financial Conduct Authority (“FCA”) under numbers 119328, 122011, 122057, 122058 respectively.
